531. Do Economic Sanctions Work? Lessons from ILSA Other Sanctions Regimes
- Author:
- Stuart E. Eizenstat
- Publication Date:
- 04-2004
- Content Type:
- Policy Brief
- Institution:
- Atlantic Council
- Abstract:
- The 1990s saw a cascade of contentious sanctions legislation. Congress passed the Antiterrorism and Effective Death Penalty Act of 1996, including an amendment to the Sovereign Immunities Act, which permits lawsuits against governments on the terrorism list – a major step in denying foreign governments normal immunity from suit in U.S. courts. The Iran–Libya Sanctions Act (ILSA) was also passed in 1996, with the goal of discouraging third–country companies from investing in Iran or Libya. This sparked outrage from European countries, which objected to the act's “extra–territorial” reach, and from the European Union (EU) institutionally, which responded with a law barring any European company from complying with the legislation (and with similar provisions regarding Cuban trade under the controversial Helms–Burton Act).
- Topic:
- International Relations, Economics, and Terrorism
- Political Geography:
- United States and Europe